Recent Figures Indicate Prices of New Homes Climb, Sales Stay Level in Longview
Posted on: Mar 06, 2014 07:24:52 AM
New home closings in the Longview, WA market stayed the same year-over-year in December, staying relatively stable after having decreased year-over-year in November. Closings remained level at 4 from a year earlier after the figure moved from 7 in November 2012 to 2 in November 2013.
A total of 42 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
New home closings were 4 out of the 124 total closings, same on a percentage basis as a year earlier. Closings of new and existing homes remained steady in December after falling in November year-over-year.
Pricing and Mortgage Trends
The average new home value went from $242,493 last year to $379,463. This followed a 38.4% bump in November year-over-year.
From the year-ago figure of $241,377, the average mortgage size on new homes moved up to $273,327. Average mortgage size on new homes went from $130,016 in November 2012 to $266,967 in November 2013.